Exhibit 10.1
FIRST AMENDMENT TO
CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is deemed entered into as of April 1, 2001
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among UNITED STATES CAN COMPANY, a Delaware corporation (the "Borrower"), U.S. Can Corporation, a Delaware
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corporation (the "Parent"), the Domestic Subsidiaries of the Parent (together with the Parent, the "Guarantors"),
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the Lenders party hereto and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (the "Administrative
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Agent"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the
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Credit Agreement (as defined below).
RECITALS
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WHEREAS, the Borrower, the Guarantors, the Lenders, the Administrative Agent, Citicorp North America,
Inc., as Syndication Agent and Bank One, NA (Main Office Chicago) as Documentation Agent entered into that
certain Credit Agreement, dated as of October 4, 2000 (as amended or modified from time to time, the "Credit
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Agreement");
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WHEREAS, the Borrower has requested that the Required Lenders amend certain provisions of the Credit
Agreement; and
WHEREAS, the Required Lenders are willing to amend certain provisions of the Credit Agreement, as more
fully set forth herein, subject to the terms and conditions specified below.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:
SECTION 1
AMENDMENTS TO CREDIT AGREEMENT
------------------------------
1.1 Definitions.
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(a) Applicable Percentage. The definition of "Applicable Percentage" set forth in Section
----------------------
1.1 of the Credit Agreement is amended and restated in its entirety to read as follows:
"Applicable Percentage" means:
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(a) for Revolving Loans, Tranche A Term Loans and Letter of Credit Fees, the
appropriate applicable percentages corresponding to the Leverage Ratio in effect as of the most
recent Calculation Date as shown below:
------------ --------------------- ------------------------------------------- -------------------
Applicable Percentage for Revolving Loans Applicable
and Tranche A Term Loans Percentage for
Pricing Leverage Letter of Credit
Level Ratio Fees
------------ --------------------- ------------------------------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
Eurocurrency Loans Base Rate Loans
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
I > 5.00 to 1.0 3.50% 2.50% 3.50%
-
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
II < 5.00 to 1.0 but 3.25% 2.25% 3.25%
=> 4.75 to 1.0
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
III < 4.75 to 1.0 but 3.00% 2.00% 3.00%
=> 4.50 to 1.0
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
IV < 4.50 to 1.0 but 2.75% 1.75% 2.75%
=> 4.0 to 1.0
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
V < 4.0 to 1.0 but 2.50% 1.50% 2.50%
=> 3.50 to 1.0
------------ --------------------- --------------------- --------------------- -------------------
------------ --------------------- --------------------- --------------------- -------------------
VI < 3.50 to 1.00 2.25% 1.25% 2.25%
------------ --------------------- --------------------- --------------------- -------------------
(b) for Tranche B Term Loans, the appropriate applicable percentages corresponding
to the pricing criteria in effect as of the most recent Calculation Date as shown below:
-------------------- -------------------- ---------------------------------------------------------
Tranche B Applicable Percentage for Tranche B Term Loans
Pricing Term Loans Pricing
Level Criteria
-------------------- -------------------- ---------------------------------------------------------
-------------------- -------------------- ---------------------------- ----------------------------
Eurocurrency Loans Base Rate Loans
-------------------- -------------------- ---------------------------- ----------------------------
-------------------- -------------------- ---------------------------- ----------------------------
I Leverage Ratio 3.75% 2.75%
> 5.00 to 1.0
-------------------- -------------------- ---------------------------- ----------------------------
-------------------- -------------------- ---------------------------- ----------------------------
II Leverage Ratio 3.50% 2.50%
< 5.00 to 1.0
-------------------- -------------------- ---------------------------- ----------------------------
-------------------- -------------------- ---------------------------- ----------------------------
III Leverage Ratio 3.25% 2.25%
< 5.00 to 1.0 and
a Debt Rating of
BB or better from
S&P and Ba2 or
better from Xxxxx'x
-------------------- -------------------- ---------------------------- ----------------------------
The Applicable Percentage for Revolving Loans, Tranche A Term Loans, Tranche B Term Loans and
Letter of Credit Fees shall, in each case, be determined and adjusted quarterly on the date
(each a "Calculation Date") (i) five Business Days after the date by which the Borrower is
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required to provide the Officer's Compliance Certificate or (ii) with respect to Tranche B Term
Loans, if applicable, one Business Day following a change in the Debt Rating; provided that if
the Borrower fails to provide the Officer's Compliance Certificate on or before the most recent
Calculation Date, the Applicable Percentage for Revolving Loans, Tranche A Term Loans, Letter
of Credit Fees and Tranche B Term Loans (provided that, with respect to Tranche B Term Loans
only, the applicable Pricing Level immediately prior to such Calculation Date is Pricing Level
I or II) from such Calculation Date shall be based on the applicable Pricing Level I until such
time that an appropriate Officer's Compliance Certificate is provided whereupon such Applicable
Percentage shall be determined by the then current Leverage Ratio and/or Debt Rating, as
applicable. Each such Applicable Percentage shall be effective from one Calculation Date until
the next Calculation Date except as set forth above.
(b) Fixed Charge Coverage Ratio. The definition of "Fixed Charge Coverage Ratio" set
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forth in Section 1.1 of the Credit Agreement is amended by deleting the parenthetical "(other than Base
Capital Expenditures)" set forth in clause (a)(ii) of such definition.
(c) Permitted Acquisition. Clause (i) of the definition of "Permitted Acquisition" set
----------------------
forth in Section 1.1 of the Credit Agreement is amended and restated in its entirety to read as follows:
(i) the aggregate consideration (including cash and non-cash consideration and any
assumption of Indebtedness, but excluding consideration consisting of any Capital Stock of the
Parent issued to the seller in such Acquisition (or cash funded with the proceeds of the
issuance of such Capital Stock)) paid by the Credit Parties for all such Acquisitions occurring
after the Closing Date shall not exceed (i) $12,000,000 during 2001, (ii) $10,000,000 during
each year subsequent to 2001; provided, that if the Leverage Ratio requirement set forth in
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Section 7.11(a) (as set forth in the table in Section 7.11(a) or as adjusted by the Borrower
pursuant to the terms of Section 7.11(a)), as of December 31 of the immediately preceding year,
is less than 4.50 to 1.0 (and the Leverage Ratio is less than 4.5 to 1.0, as of such
December 31, as set forth in the Officer's Compliance Certificate delivered pursuant to
Section 7.1(d)), then the limit for such year shall be increased from $10,000,000 to
$60,000,000, and (iii) in the aggregate, during the term of this Credit Agreement,
$100,000,000. Notwithstanding the limitations set forth in clauses (i)(i) and (i)(ii) of this
definition of Permitted Acquisitions, the aggregate consideration for Acquisitions during any
such year may be increased by $15,000,000 (in excess of the $12,000,000 and $10,000,000
limitations, respectively, set forth therein, but not in excess of the $60,000,000 limitation
set forth in the proviso to clause (i)(ii)) if, after giving effect to any such Acquisition,
the Borrower provides written proof, reasonably acceptable to the Administrative Agent, that
the Leverage Ratio will not increase as a result of such Acquisition.
(d) Revolving Committed Amount. The definition of "Revolving Committed Amount" set forth
----------------------------
in Section 1.1 of the Credit Agreement is amended and restated in its entirety to read as follows:
"Revolving Committed Amount" means ONE HUNDRED TEN MILLION DOLLARS ($110,000,000) or
----------------------------
such lesser amount as the Revolving Committed Amount may be reduced pursuant to Section 2.1(d)
or Section 3.3(c).
1.2 Deleted Definitions. Section 1.1 of the Credit Agreement is amended to delete the definition
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of "Base Capital Expenditures".
1.3 Financial Covenants. Section 7.11 of the Credit Agreement is amended and restated in its
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entirety to read as follows:
7.11 Financial Covenants.
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(a) Leverage Ratio. The Leverage Ratio, as of the end of each fiscal quarter of
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the Borrower during the periods set forth below, shall be less than or equal to:
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Period Ratio
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For the fiscal quarters ending April 1, July 1 and 5.60 to 1.0
September 30, 2001
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For the fiscal quarters ending December 31, 2001 and March 5.45 to 1.0
31, 2002
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For the fiscal quarter ending June 30, 2002 5.25 to 1.0
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For the fiscal quarter ending September 29, 2002 5.00 to 1.0
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For the fiscal quarter ending December 31, 2002 4.75 to 1.0
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For the fiscal quarters ending March 30, June 29, and 4.50 to 1.0
September 28, 2003
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For the fiscal quarter ending December 31, 2003 4.40 to 1.0
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For the fiscal quarters ending April 4, July 4, and 4.25 to 1.0
October 3, 2004
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For the fiscal quarters ending December 31, 2004 and 4.00 to 1.0
April 3, 2005
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For the fiscal quarters ending July 3, October 2, and 3.75 to 1.0
December 31, 2005 and April 2, 2006
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------------------------------------------------------------- ----------------------------------
For the fiscal quarter ending July 2, 2006 and each fiscal 3.50 to 1.0
quarter thereafter
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The Borrower shall have the right during the first fiscal quarter of each fiscal year, upon written
notice to the Administrative Agent, to permanently lower (i.e. make the Leverage Ratio more restrictive)
the Leverage Ratio requirement (i) for the period ending December 31 of the immediately preceding fiscal
year (the "Fiscal Year-End Period") and (ii) for any period subsequent to the Fiscal Year-End Period;
------------------------
provided, if the Leverage Ratio requirement is permanently lowered for any period set forth above
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pursuant to the foregoing clauses (i) or (ii), the Leverage Ratio requirement for any subsequent period
shall be no less restrictive. Upon such written notice, the Administrative Agent shall notify the
Lenders of such change(s) in the Leverage Ratio requirements, and this Credit Agreement shall be deemed
amended in accordance with such notice.
(b) Interest Coverage Ratio. The Interest Coverage Ratio, as of the end of each fiscal
-----------------------
quarter of the Borrower during the periods set forth below, shall be greater than or equal to:
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Period Ratio
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For each fiscal quarter ending in 2001 1.65 to 1.0
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For the fiscal quarter ending March 31, 2002 1.70 to 1.0
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For the fiscal quarter ending June 30, 2002 1.75 to 1.0
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For the fiscal quarter ending September 29, 2002 1.80 to 1.0
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For the fiscal quarter ending December 31, 2002 1.90 to 1.0
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For the fiscal quarters ending March 30, June 29, and 2.00 to 1.0
September 28, 2003
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For the fiscal quarter ending December 31, 2003 2.05 to 1.0
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For the fiscal quarters ending April 4, July 4, and 2.15 to 1.0
October 3, 2004
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For the fiscal quarters ending December 31, 2004 and 2.25 to 1.0
April 3, 2005
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For the fiscal quarters ending July 3, October 2, and 2.50 to 1.0
December 31, 2005 and April 2, 2006
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------------------------------------------------------------- ----------------------------------
For the fiscal quarter ending July 2, 2006 and for each 2.75 to 1.0
fiscal quarter thereafter
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(c) Fixed Charge Coverage Ratio. The Fixed Charge Coverage Ratio, as of the end of each
---------------------------
fiscal quarter of the Borrower during the periods set forth below, shall be greater than or equal to:
----------------------------------------------------------------------- ----------------------------------
Period Ratio
----------------------------------------------------------------------- ----------------------------------
For each fiscal quarter ending in 2001 and 2002 1.00 to 1.0
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----------------------------------------------------------------------- ----------------------------------
For each fiscal quarter ending in 2003 and for each fiscal quarter 1.05 to 1.0
thereafter
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(d) Minimum EBITDA. EBITDA, as of the end of each fiscal quarter of the Borrower, for the
--------------
twelve month period ending on such date, during the periods set forth below, shall be greater than or
equal to:
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Period Amount
----------------------------------------------------------------------- ----------------------------------
For each fiscal quarter ending in 2001 $ 93,000,000
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----------------------------------------------------------------------- ----------------------------------
For the fiscal quarter ending March 31, 2002 $ 95,000,000
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For the fiscal quarters ending June 30, September 29 and December 31, $100,000,000
2002
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For each fiscal quarter ending in 2003 $105,000,000
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For each fiscal quarter ending in 2004 $110,000,000
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For each fiscal quarter ending in 2005 and for each fiscal quarter $115,000,000
thereafter
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1.4 Capital Expenditures. Section 8.14 of the Credit Agreement is amended and restated in its
--------------------
entirety to read as follows:
8.14 Capital Expenditures.
--------------------
The Credit Parties will not permit Capital Expenditures to exceed, in the aggregate, (a)
$25,000,000 during 2001 and (b) $35,000,000 during each year subsequent to 2001; provided, that if the
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Leverage Ratio requirement set forth in Section 7.11(a) (as set forth in the table in Section 7.11(a) or
as adjusted by the Borrower pursuant to the terms of Section 7.11(a)), as of December 31 of the
immediately preceding year, is less than 4.50 to 1.0 (and the Leverage Ratio is less than 4.5 to 1.0, as
of such December 31, as set forth in the Officer's Compliance Certificate delivered pursuant to
Section 7.1(d)), then the limit for such year shall be increased from $35,000,000 to $45,000,000; and
provided, further, that the Credit Parties may carry forward, for one year only, up to 33% of any unused
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portion of the Capital Expenditures limit from the prior year.
1.5 Schedules. Schedule 1.1(a) to the Credit Agreement is amended and restated in its entirety by
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Schedule 1.1(a) attached hereto.
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SECTION 2
CONDITIONS PRECEDENT
--------------------
2.1 Conditions Precedent. This Amendment shall be deemed effective on April 1, 2001 upon
---------------------
satisfaction of the following conditions (or waiver thereof by the Required Lenders):
(a) Documentation. Receipt by the Administrative Agent of copies of this Amendment duly
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executed by the Credit Parties and the Required Lenders.
(b) Authority. Receipt by the Administrative Agent of (i) a certificate of the secretary
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or assistant secretary of each Credit Party certifying as to resolutions or authorization of the Board
of Directors of such Credit Party approving and adopting this Amendment and the transactions
contemplated herein and authorizing the execution, delivery and performance hereof and (ii) an
incumbency certificate of each Credit Party certified by a secretary or assistant secretary of such
Credit Party to be true and correct as of the Closing Date.
(c) Good Standing. Certificates of good standing, existence or their equivalent with
--------------
respect to each Credit Party certified as of a recent date by the appropriate Governmental Authorities
of the jurisdiction of its incorporation and in the jurisdiction of its chief executive office and
principal place of business.
(d) Opinions. Receipt by the Administrative Agent of an opinion or opinions from counsel
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to the Credit Parties relating to this Amendment and the transactions contemplated herein, in form and
substance satisfactory to the Administrative Agent, addressed to the Administrative Agent on behalf of
the Lenders and dated as of the date hereof.
(e) Fees. The payment by the Borrower of (i) an amendment fee to each Lender who duly
----
executes and delivers this Amendment on or before Noon, Eastern Daylight Time, on Tuesday, April 24,
2001, of 25 basis points (0.25%) of its aggregate Commitments (after giving effect to this Amendment),
(ii) such fees to the Administrative Agent as agreed to between the Borrower and the Administrative
Agent and (iii) all expenses of the Administrative Agent in connection with the negotiation,
preparation, execution and delivery of this Amendment and the other transactions contemplated herein,
including, without limitation, reasonable legal fees and expenses.
SECTION 3
MISCELLANEOUS
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3.1 Ratification of Credit Agreement. The term "Credit Agreement" and "Agreement" as used in each
----------------------------------
of the Credit Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as herein
specifically agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and
effect according to its terms.
3.2 Authority/Enforceability. Each of the Credit Parties, the Administrative Agent and the Lenders
------------------------
party hereto represents and warrants as follows:
(a) It has taken all necessary action to authorize the execution, delivery and performance
of this Amendment.
(b) This Amendment has been duly executed and delivered by such Person and constitutes
such Person's legal, valid and binding obligations, enforceable in accordance with its terms, except as
such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance
or transfer, moratorium or similar laws affecting creditors' rights generally and (ii) general
principles of equity (regardless of whether such enforceability is considered in a proceeding at law or
in equity).
(c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or Governmental Authority or third party is required in connection with
the execution, delivery or performance by such Person of this Amendment.
3.3 Representation and Warranties. The Credit Parties represent and warrant to the Lenders that:
-----------------------------
(a) The representations and warranties of the Credit Parties set forth in Section 6 of the
Credit Agreement are true and correct in all material respects as of the date hereof except for those
that specifically relate to an earlier date.
(b) No event has occurred and is continuing which constitutes a Default or an Event of
Default.
(c) The Collateral Documents continue to create a valid security interest in, and Lien
upon, the Collateral, in favor of the Collateral Agent, for the benefit of the Lenders, which security
interests and Liens are perfected in accordance with the terms of the Collateral Documents and prior to
all Liens other than Permitted Liens.
(d) The Credit Party Obligations are not reduced or modified by this Amendment and are not
subject to any offsets, defenses or counterclaims.
3.4 Pricing Level. The Credit Parties acknowledge and agree that, as of the effective date of this
-------------
Amendment, the pricing for all Loans and Letter of Credit Fees under the Credit Agreement shall be as set forth
in Pricing Level I in the definition of Applicable Percentage, as amended by this Amendment.
3.5 Counterparts/Telecopy. This Amendment may be executed in any number of counterparts, each of
---------------------
which when so executed and delivered shall be an original, but all of which shall constitute one and the same
instrument. Delivery of executed counterparts by telecopy shall be effective as an original and shall constitute
a representation that an original will be delivered if requested.
3.6 Further Assurances, The Credit Parties agree to promptly take such action, upon the request of
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the Administrative Agent, as is necessary to carry out the intent of this Amendment.
3.7 GENERAL RELEASE. IN CONSIDERATION OF THE REQUIRED LENDERS ENTERING INTO THIS AMENDMENT, THE
---------------
CREDIT PARTIES HEREBY RELEASE THE ADMINISTRATIVE AGENT, THE LENDERS, AND THE ADMINISTRATIVE AGENT'S AND THE
LENDERS' RESPECTIVE OFFICERS, EMPLOYEES, REPRESENTATIVES, AGENTS, COUNSEL AND DIRECTORS FROM ANY AND ALL ACTIONS,
CAUSES OF ACTION, CLAIMS, DEMANDS, DAMAGES AND LIABILITIES OF WHATEVER KIND OR NATURE, IN LAW OR IN EQUITY, NOW
KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED TO THE EXTENT THAT ANY OF THE FOREGOING ARISES FROM ANY ACTION OR
FAILURE TO ACT UNDER THE CREDIT AGREEMENT OR UNDER THE OTHER CREDIT DOCUMENTS ON OR PRIOR TO THE DATE HEREOF.
3.8 GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
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GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
[remainder of page intentionally left blank]
SIGNATURE PAGE TO
FIRST AMENDMENT TO CREDIT AGREEMENT
UNITED STATES CAN COMPANY
CHAR1\590568_ 4
SIGNATURE PAGE TO
FIRST AMENDMENT TO CREDIT AGREEMENT
UNITED STATES CAN COMPANY
CHAR1\590568_ 4
The parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.
BORROWER:
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UNITED STATES CAN COMPANY,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
---------------------------------------------------------
Title: Vice President
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DOMESTIC
---------
GUARANTORS:
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U.S. CAN CORPORATION,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
------------------------------------------------
Title: Vice President
--------------------------------------------------------
USC MAY VERPACKUNGEN HOLDING INC.,
a Delaware corporation
By: /s/ Xxxx Xxxxxxx
--------------------------------------------------
Name: Xxxx Xxxxxxx
------------------------------------------------
Title: VP
--------------------------------------------------------
LENDERS:
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BANK OF AMERICA, N.A.,
individually in its capacity as Administrative Agent
By: /s/ Xxxxxxx Xxxxx
--------------------------------------------------
Name: Xxxxxxx Xxxxx
-------------------------------------------------------
Title: Vice President
-------------------------------------------------------
BANK OF AMERICA, N.A., in its capacity as
a Lender
By: /s/ M. Xxxxxx Xxxxxxx
--------------------------------------------------
Name: M. Xxxxxx Xxxxxxx
------------------------------------------------
Title: Managing Director
-----------------------------------------------
BANK OF AMERICA, N.A., in its capacity as
a Lender
By: /s/ M. Xxxxxx Xxxxxxx
--------------------------------------------------
Name: M. Xxxxxx Xxxxxxx
------------------------------------------------
Title: Managing Director
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AMMC CDO I LIMITED
By: American Money Management Corp.
As Collateral Manager
By: /s/ Xxxxx X. Xxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxx
------------------------------------------------
Title: Vice President
--------------------------------------------------------
AMMC CDO II LIMITED
By: American Money Management Corp.
As Collateral Manager
By: /s/ Xxxxx X. Xxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxx
------------------------------------------------
Title: Vice President
--------------------------------------------------------
THE BANK OF NOVA SCOTIA
By: /s/ F.C.H Xxxxx
--------------------------------------------------
Name: F.C.H Xxxxx
---------------------------------------------------------
Title: Senior Manager Loan Operations
-----------------------------------------------
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ Xxxxx Droussious
-----------------------------------------------------------
Name: Xxxxx Droussious
------------------------------------------------
Title: Vice President
--------------------------------------------------------
BANK ONE, NA (MAIN OFFICE CHICAGO),
individually in its capacity as Lender and in its capacity as
Document Agent
By: /s/ Xxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxx
------------------------------------------------
Title: Director, Capital Markets
-----------------------------------------------
BLACK DIAMOND CLO 2000-1 LTD.
By: /s/ Xxxxx Xxxx
-----------------------------------------------------------
Name: Xxxxx Xxxx
---------------------------------------------------------
Title: Director
-----------------------------------------------
BLACK DIAMOND INTERNATIONAL FUNDING,
LTD.
By: /s/ Xxxxx Xxxx
-----------------------------------------------------------
Name: Xxxxx Xxxx
---------------------------------------------------------
Title: Director
-----------------------------------------------
CITADEL HILL 2000 LTD.
By: /s/ X. Xxxxxxxx
-----------------------------------------------------------
Name: X. Xxxxxxxx
---------------------------------------------------------
Title: Authorized Signatory
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CITIBANK, N.A
By: /s/ Xxxx Xxxxxxxxx
-----------------------------------------------------------
Name: Xxxx Xxxxxxxxx
---------------------------------------------------------
Title: Director - Global Loan Trading
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CITICORP NORTH AMERICA, INC.,
individually in its capacity as a Lender and
in its capacity as Syndication Agent
By: /s/ Xxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxx
------------------------------------------------
Title: Vice President
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Columbus Loan Funding, Ltd.
By: Travelers Asset Management International
Company, LLC
By: /s/ Xxxxx X. Xxxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxxx
------------------------------------------------
Title: Investment Officer
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CREDIT AGRICOLE INDOSUEZ
By: /s/ Xxxxxxx Xxxxx
--------------------------------------------------
Name: Xxxxxxx Xxxxx
---------------------------------------------------------
Title: Vice President Manager
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By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
------------------------------------------------
Title: Vice President Senior Relationship Manager
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CREDIT LYONNAIS NEW YORK BRANCH
By: /s/ Mischa Zabotin
-----------------------------------------------------------
Name: Mischa Zabotin
------------------------------------------------
Title: Managing Director
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CYPRESSTREE INSTITUTIONAL FUND, LLC
By: CypressTree Investment Management Company,
Inc., its Managing Member
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
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CYPRESSTREE INVESTMENT PARTNERS I LTD.
By: CypressTree Investment Management Company,
Inc., as Portfolio Manager
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
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CYPRESSTREE INVESTMENT PARTNERS II, LTD.
By: CypressTree Investment Management Company,
Inc., as Portfolio Manager
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
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CYPRESSTREE SENIOR FLOATING RATE FUND
By: CypressTree Investment Management Company,
Inc., as Portfolio Manager
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
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elf funding trust i
By: /s/ Xxxx Xxxxxxx
--------------------------------------------------
Name: Xxxx Xxxxxxx
---------------------------------------------------------
Title: Senior Portfolio Manager
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fidelity advisor series ii: fidelity advisor floating rate
high income fund
By: /s/ Xxxx X. Xxxxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxxxx
------------------------------------------------
Title: Assistant Treasurer
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FIRST ALLMERICA FINANCIAL LIFE
INSURANCE COMPANY
By: CypressTree Investment Management Company,
Inc. as Attorney-in-Fact and Portfolio Manager
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
--------------------------------------------------------
FLAGSHIP CLO-2001-1
BY: FLAGSHIP CAPITAL MANAGEMENT, INC.
By: /s/ Xxxx X. Xxxxxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxxxxx
------------------------------------------------
Title: Director
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franklin clo I, limited
By: /s/ Xxxxxxxx Xxxxxx
-----------------------------------------------------------
Name: Xxxxxxxx Xxxxxx
------------------------------------------------
Title: Vice President
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FRANKLIN FLOATING RATE MASTER SERIES
By: /s/ Xxxxxxxx Xxxxxx
-----------------------------------------------------------
Name: Xxxxxxxx Xxxxxx
------------------------------------------------
Title: Vice President
--------------------------------------------------------
State Street Bank & Trust Company as Trustee
For General Motors Employees Global Group
Pension Trust
By: /s/ Xxxxxx Block
-----------------------------------------
Name: Xxxxxx Block
------------------------------------------------
Title: Assistant Secretary
-----------------------------------------------
HARBOR CDO II, LIMITED
By: /s/ Xxxx Xxxxxxx
--------------------------------------------------
Name: Xxxx Xxxxxxx
---------------------------------------------------------
Title: Manager
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XXXXXXXXXXX SENIOR FLOATING RATE FUND
By: /s/ Xxxxx Xxxxx
--------------------------------------------------
Name: Xxxxx Xxxxx
---------------------------------------------------------
Title: Vice President
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KZH CNC LLC
By: /s/ Xxxxx Xxx
-----------------------------------------------------------
Name: Xxxxx Xxx
---------------------------------------------------------
Title: Authorized Agent
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KZH CYPRESSTREE-1 LLC
By: /s/ Xxxxx Xxx
-----------------------------------------------------------
Name: Xxxxx Xxx
---------------------------------------------------------
Title: Authorized Agent
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KZH PONDVIEW LLC
By: /s/ Xxxxx Xxx
-----------------------------------------------------------
Name: Xxxxx Xxx
---------------------------------------------------------
Title: Authorized Agent
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KZH SHOSHONE LLC
By: /s/ Xxxxx Xxx
-----------------------------------------------------------
Name: Xxxxx Xxx
---------------------------------------------------------
Title: Authorized Agent
-----------------------------------------------
KZH SOLEIL-2 LLC
By: /s/ Xxxxx Xxx
-----------------------------------------------------------
Name: Xxxxx Xxx
---------------------------------------------------------
Title: Authorized Agent
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MADISON AVENUE CDO I, LIMITED
By: Metropolitan Life Insurance Company,
as Collateral Manager
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxx
------------------------------------------------
Title: Authorized Signatory
--------------------------------------------------------
MAGNETITE ASSET INVESTORS III L.L.C
By: /s/ not legible
-----------------------------------------------------------
Name: not legible
---------------------------------------------------------
Title: Director
-----------------------------------------------
METROPOLITAN LIFE INSURANCE COMPANY
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxx
------------------------------------------------
Title: Director
-----------------------------------------------
Xxxxxx Xxxxxxx Xxxx Xxxxxx PRIME
Income Trust
By: /s/ Xxxxx Xxxxxxx
--------------------------------------------------
Name: Xxxxx Xxxxxxx
---------------------------------------------------------
Title: Vice President
--------------------------------------------------------
Mountain Capital CLO II LTD.
By: /s/ Xxxxxx X. Xxxxx
-----------------------------------------------------------
Name: Xxxxxx X. Xxxxx
------------------------------------------------
Title: Director
------------------------------
MUIRFIELD TRADING LLC
By: /s/ Xxx X. Xxxxxx
--------------------------------------------------
Name: Xxx X. Xxxxxx
---------------------------------------------------------
Title: Asst. Vice President
--------------------------------------------------------
OLYMPIC FUNDING TRUST, SERIES 1999-1
By: /s/ Xxx X. Xxxxxx
--------------------------------------------------
Name: Xxx X. Xxxxxx
---------------------------------------------------------
Title: Authorized Agent
-----------------------------------------------
PPM SPYGLASS FUNDING TRUST
By: /s/ Xxx X. Xxxxxx
--------------------------------------------------
Name: Xxx X. Xxxxxx
---------------------------------------------------------
Title: Authorized Agent
-----------------------------------------------
NEMEAN CLO, LTD.
BY: ING Capital Advisors LLC,
as Investment Manager
By: /s/ Xxxxxx X. Xxxx
-----------------------------------------------------------
Name: Xxxxxx X. Xxxx
------------------------------------------------
Title: Vice President
--------------------------------------------------------
NORSE CBO, LTD.
By: Regiment Capital Management, LLC
As its Investment Manager
By: Regiment Capital Advisors, LLC
Its Manager and pursuant to delegated authority
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------------------------
Title: President
--------------------------------------------------------
NORTH AMERICAN SENIOR FLOATING RATE
FUND
By: Cypress Tree Investment Management Company,
Inc., as Portfolio Manager
By: /s/ P. Xxxxxxx Xxxx
-----------------------------------------------------------
Name: P. Xxxxxxx Xxxx
------------------------------------------------
Title: Principal
--------------------------------------------------------
THE NORTHERN TRUST COMPANY
By: /s/ Xxxxx Xxxxxx
--------------------------------------------------
Name: Xxxxx Xxxxxx
---------------------------------------------------------
Title: Second Vice President
-----------------------------------------------
NORTHWOODS CAPITAL II, LIMITED
By: Xxxxxx, Xxxxxx & Co., L.P. as
Collateral Manager
By: /s/ Xxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxx W, Fraser
------------------------------------------------
Title: Managing Director
-----------------------------------------------
NUVEEN SENIOR INCOME FUND
By: Nuveen Senior Loan Asset Management, Inc.
By: /s/ Xxxx X. Xxxxxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxxxxx
------------------------------------------------
Title: Managing Director
-----------------------------------------------
OAK BROOK BANK
By: /s/ Xxxxx Xxxxxx
--------------------------------------------------
Name: Xxxxx Xxxxxx
---------------------------------------------------------
Title: VP
--------------------------------------------------------
PPM AMERICA, INC.
By: PPM America, Inc., as Attorney-in-fact, on
behalf of Xxxxxxx National Life Insurance Company
By: /s/ Xxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxx
------------------------------------------------
Title: Managing Director
-----------------------------------------------
PROMETHEUS INVESTMENT FUNDING NO. 1
LTD.
By: CPF Asset Advisory, L.P.,
as Investment Manager
By: /s/ Xxxxxx Xxxxx
--------------------------------------------------
Name: Xxxxxx Xxxxx
---------------------------------------------------------
Title: Director
-----------------------------------------------
By: /s/ Xxxxx Xx
-----------------------------------------------------------
Name: Xxxxx Xx
------------------------------------------------
Title: Associate Director
--------------------------------------------------------
XXXXXX DIVERSIFIED INCOME TRUST
By: /s/ Xxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxx
------------------------------------------------
Title: V.P.
--------------------------------------------------------
XXXXXX STRAGIC INCOME FUND
By: /s/ Xxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxx
------------------------------------------------
Title: V.P.
--------------------------------------------------------
REGIMENT CAPITAL, LTD.
By: Regiment Capital Management, LLC
As its Investment Advisor
By: Regiment Capital Advisors, LLC
Its Manager and pursuant to delegated authority
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------------------------
Title: President
--------------------------------------------------------
sierra clo I, ltd
By: /s/ Xxxx X. Caspadan
-----------------------------------------------------------
Name: Xxxx X. Caspadan
------------------------------------------------
Title: Chief Operating Officer Centre Pacific LLP
-----------------------------------------------
SEQUILS-CUMBERLAND I, LTD.
By: Deerfield Capital Management, L.L.C. as its
Collateral Manager
By: /s/ Xxxx Xxxxxx
--------------------------------------------------
Name: Xxxx Xxxxxx
---------------------------------------------------------
Title: Senior Vice President
--------------------------------------------------------
SIMSBURY CLO, LIMITED
By: Xxxxx X. Xxxxxx and Company Incorporated, under
delegated authority from Massachusetts Mutual Life
Insurance Company, its Collateral Manager
By: /s/ Xxxx X. Xxxxx
--------------------------------------------------
Name: Xxxx X. Xxxxx
---------------------------------------------------------
Title: Managing Director with Xxxxx X. Xxxxxx
-----------------------------------------------
SRF 2000 LLC
By: /s/ Xxx X. Xxxxxx
--------------------------------------------------
Name: Xxx X. Xxxxxx
---------------------------------------------------------
Title: Asst. Vice President
--------------------------------------------------------
XXXXX XXX FLOATING RATE LIMITED
LIABILITY COMPANY
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxx
------------------------------------------------
Title: Senior Vice President Xxxxx, Xxx & Xxxxxxx
---------------------------------------------
LIBERTY-XXXXX XXX ADVISOR FLOATING
RATE ADVANTAGE FUND
By: Xxxxx Xxx & Xxxxxxx Incorporated,
as Advisor
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxx
------------------------------------------------
Title: Senior Vice President & Portfolio Manager
-----------------------------------------------
XXXXX XXX &FARNHAM CLO I, LTD.
By: Xxxxx Xxx & Xxxxxxx Incorporated,
as Portfolio Manager
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxxx
------------------------------------------------
Title: Senior Vice President & Portfolio Manager
-----------------------------------------------
SUFFIELD CLO, LIMITED
By: Xxxxx X. Xxxxxx and Company Incorporated as Collateral
Manager
By: /s/ Xxxx X. Xxxxx
--------------------------------------------------
Name: Xxxx X. Xxxxx
---------------------------------------------------------
Title: Managing Director with Xxxxx X. Xxxxxx and
----------------------------------------------
Company Incorporated
--------------------
THE SUMITOMO TRUST AND BANKING CO., LTD.
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------------------------
Title: Vice President
--------------------------------------------------------
TEXTRON FINANCIAL CORP.
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxxxx X. Xxxxxx
---------------------------------------------------------
Title: Director
-----------------------------------------------
TORONTO DOMINION (NEW YORK), INC.
By: /s/ Xxxxx X. Xxxxxx
-----------------------------------------------------------
Name: Xxxxx X. Xxxxxx
---------------------------------------------------------
Title: Vice President
-----------------------------------------------
XXX XXXXXX PRIME RATE INCOME TRUST
By: Xxx Xxxxxx Investment Advisory Corp.
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------------------------
Title: Vice President
-----------------------------------------------
XXX XXXXXX SENIOR INCOME TRUST
By: Xxx Xxxxxx Investment Advisory Corp.
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------------------------
Title: Vice President
-----------------------------------------------
VARIABLE INSURANCE PRODUCTS FUND II:
ASSET MANAGER GROWTH PORTFOLIO
By: /s/ Xxxx X. Xxxxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxxxx
---------------------------------------------------------
Title: Assistant Treasurer
--------------------------------------------------------
VARIABLE INSURANCE PRODUCTS FUND II:
ASSET MANAGER PORTFOLIO
By: /s/ Xxxx X. Xxxxxxxx
-----------------------------------------------------------
Name: Xxxx X. Xxxxxxxx
---------------------------------------------------------
Title: Assistant Treasurer
--------------------------------------------------------
XXXXXXX BANK
By: /s/ Xxxx Xxxxxxxx
--------------------------------------------------
Name: Xxxx Xxxxxxxx
------------------------------------------------
Title: Vice President
-----------------------------------------------
WINGED FOOT FUNDING TRUST
By: /s/ Xxx X. Xxxxxx
--------------------------------------------------
Name: Xxx X. Xxxxxx
---------------------------------------------------------
Title: Authorized Agent
-----------------------------------------------
